Market Study on Expected Growth for Vacuum Lifter Market 2024

According to a new market report published by Credence Research, Inc., “Vacuum Lifter Market (By Application (Glass Lifting, Sheet and Plate Lifting, Concrete Lifting, and Manual Handling), By End-use (Construction and Heavy Equipment, Automotive and Transport, Chemical and Pharmaceuticals, and Industrial Manufacturing)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the global vacuum lifter market is expected to expand at a compound annual growth rate of 4.5% during the forecast period 2015 – 2022, exceeding US$ 148.7 Mn by 2022. In terms of volume, the worldwide shipments of vacuum lifters are expected to exceed 17,900 units by 2022.

Product Insights

Industrial products need special attention and care during handling and transportation to prevent them from any surface damage arising due to scratching or rub marks. The metal sheets are processed and shaped in multiple ways such as machining, laser cutting, and stamping & bending among others.

Using vacuum lifting technology, the cutting machines and load carriers can be manually or automatically loaded and unloaded, thereby making material flow and handling efficient and safe at workshops and manufacturing facilities. With the advent of technology, the demand for displays has witnessed tremendous growth in the recent years. Not only have the displays become larger, the display glass is also getting thinner and coating more sensitive. This is supporting the demand for vacuum lifting equipments’ that are not only capable of handling and lifting glass sheets safely, but also positioning/stacking them accurately at the requisite place. Similarly, vacuum lifting systems are also employed for horizontal removal of windscreen from the storage shelf and pivoting it with the lifting cylinder to properly fit the front windscreen in automotives. Thus, the global market for vacuum lifters is expected to witness steady growth during the forecast period 2015 – 2022 on account of growing industrial automation, resurgence in the construction sector post economic crisis, and stable growth in automotive production.

Competitive Insights:

The global vacuum lifter market is highly competitive and in the nascent stage of development. Some of the leading and promising manufacturers identified in the global vacuum lifting market include Schmalz GmbH, GGR Group, Aardwolf Group, Wood’s Powr-Grip, Co. Inc., ANVER Corporation, Peter Hird and Sons Ltd., Kilner Vacuumation Co Ltd., Viavac, TAWI AB, and Vacuworx International among others. The global vacuum lifter market being competitive is characterized by stiff competition among several small and large players that compete to sustain their revenue share. In developed economies, a trend of small players combining operations with established players to leverage their resources can be seen.

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